Neometals Ltd (ASX: NMT)
This innovative project development company announced the successful completion of its mini-pilot test work campaign on the Company’s Vanadium Recovery Project..
Results confirmed excellent vanadium chemical product purity (>99.5% V2O5), strong recoveries (>75%) and reduced residence time for Neometals’ patent pending hydrometallurgical process for recovering vanadium from Slag.
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Neometals reports the successful trial of their mini vanadium recovery pilot plant
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| Neometals | ASX : NMT |
| Stage | Development |
| Metals | Titanium, Nickel, Lithium, Vanadium |
| Market cap | A$128 m @ 23c |
Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), the innovative project development company,is pleased to announce the successful completion of its mini-pilot test work campaign (“Mini-Pilot”) on the Company’s Vanadium Recovery Project
(“VRP”).
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Results confirmed excellent vanadium chemical product purity (>99.5% V2O5), strong recoveries (>75%) and reduced residence time for Neometals’ patent pending hydrometallurgical process for recovering vanadium from Slag.
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HIGHLIGHTS
• Successful demonstration of Neometals’ proprietary vanadium recovery flowsheet in continuous mini-pilot test work campaign
• Exceptional product purity of greater than 99.5% V2O5
• Vanadium recoveries exceeding 75%
• Leach residence times reduced by 50% from Scoping Study design – positive implications for capital costs
• Preliminary feasibility study (“PFS”) manager appointed, targeting completion in June 2021
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As previously announced (refer to ASX announcement titled “Neometals Signs High-Grade Vanadium Recycling Agreement” dated 6th April 2020 click HERE), Neometals has executed a collaboration agreement with Critical Metals Ltd (“Critical”), to jointly evaluate the feasibility of constructing a facility to recover and process high-grade vanadium products from vanadium-bearing steel by-product (“Slag”) in Scandinavia (“Slag Recovery Facility”).
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Neometals will fund and manage the evaluation activities, including the
completion of Class 5, 4 and 3 AACE engineering cost and feasibility studies up to consideration of a final investment decision, which, if positive, will earn Neometals a 50% interest in an incorporated joint venture with Critical (“JV”).
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Critical has executed a conditional agreement (“Slag Supply Agreement”) with SSAB EMEA AB and SSAB Europe Oy, subsidiaries of SSAB (“SSAB”), a steel producer that operates steel mills in Scandinavia. Slag is a by-product of SSAB’s steel making operations.
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The Slag Supply Agreement provides a secure basis for the evaluation of a potential Slag Recovery Facility capable of processing 200,000 tonnes of Slag per annum without the need to build a mine and concentrator like existing primary producers.
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Neometals is pleased to report the Mini-Pilot was constructed, commissioned and operated continuously through the campaign without any safety incidents or process challenges ). The Mini-Pilot confirmed earlier bench scale findings including
vanadium recovery from leach through to solvent extraction (SX) strip liquor, demonstrated a successful process control strategy and has given invaluable insights into minor impurity deportment and their control through the circuit.
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Of particular significance was the achievement of chemical-grade vanadium pentoxide at high recovery rates and low residence times. Passing this major technical milestone is important and gives
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To read the full news release, please click HERE
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